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11 Nov 2014 07:00
11 November 2014
Gable Holdings Inc.
("Gable", "the Company" or "the Group")
New Business in Danish market
Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces an agreement for a 20 per cent quota share with Barbican Insurance for Gable's Danish property portfolio business. The new capacity is anticipated to deliver an additional circa £7 million of gross written premiums per annum to Gable commencing 2015.
William Dewsall, Chief Executive, Gable, said:
"We are delighted to be working with such a prestigious trading partner in Barbican and look forward to doing further business together.
"We consider this an important step in securing further business in this exciting area of the market, adding to our growing portfolio of business in Scandinavia which is steadily growing and where Gable has built a reputation for service and quality of product."
ends
Enquiries:
Gable Holdings Inc. William Dewsall, Chief Executive Michael Hirschfield, Group Finance Director
| tel: +44 (0) 20 7337 7460 |
Numis Securities Limited Robert Bruce / Adrian Trimmings, Corporate Finance Charles Farquhar, Corporate Broking
| tel: +44 (0) 20 7260 1000 |
Gable Communications Limited John Bick | tel: +44 (0) 20 7193 7463 +44 (0)7872 061007 |
About Gable Holdings Inc
Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, Denmark, France, Germany, Italy, Norway, Spain and Sweden. Gable benefits from a low-cost online underwriting platform and the Company has continued to successfully grow its business geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU, which is delivered through the EU passporting mechanism. Gable Holdings Inc. is quoted on the London Stock Exchange's AIM market. For further information please visit www.gableholdings.com.
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